stated income loan: How We Kicked Self Employed Borrowers to the Curb Along With Stated Income Loans - 09/11/08 12:32 PM
They are the ones that were not satisfied to be corporate hacks, allowing some huge company to dictate where and how they live their lives. They refused to carry a lunch bucket and lay cable for the phone company for 30 years.
Instead, they went after that other American Dream. The … (45 comments)
stated income loan: Aborting the California Dream: An American Corporate Hero Goes Home - 07/10/08 11:42 AM
As the vice president of a major corporation, he had been thrilled when he was transferred from St. Louis to the San Francisco Bay Area.
Yesterday, after nearly a year of cross country commuting, his St. Louis house still not sold, and his California mortgage still not solidified, he threw … (10 comments)
stated income loan: Roofs That Leak, Decks That Creak: Sorry, Home Depot, Things Are Bleak - 05/30/08 10:47 AM
They sat together, sipping wine, and gazing out at the lake on the creaky old deck that badly needed replacing. They would need to step gingerly for yet another summer, and live with that precarious deck a little bit longer.
They stepped into the garage, which should have been pitch black. But sunlight danced against the … (11 comments)
stated income loan: Has The American Dream Been Poisoned? - 05/16/08 11:40 PM
The FORECLOSURE EPIDEMIC and the MORTGAGE CRISIS that has rocked our economy to its very core, will be discussed and debated for years to come. Historically, it will forever define this decade, and, along with 9-11, leave an imprint on an entire generation.
Will we remember this as the decade when the American Dream became poisoned? Maybe … (39 comments)
stated income loan: Zoom Zoom Cash and The Lifestyle We Couldn't Afford - 04/12/08 08:57 PM
For years, Californians thought it was pretty funny to lament about our zoom zoom real estate. With glass of wine in hand and proverbial balmy weather as a backdrop, friends would often whisper to each other: "We couldn't even afford to buy the house we live in". Then they would laugh. Well, no one is laughing anymore. That's because even though we … (20 comments)
stated income loan: The Anatomy Of A Foreclosure: The Sad Decision to "Let the House Go" - 02/21/08 12:10 PM
****Good Morning America called me this morning and asked to interview the real "Jake". Jake agreed and will appear on Good Morning America tomorrow, (Saturday). Segment is on the housing crisis in California. Talk about the power of ACTIVERAIN! For anyone who wants to see the REAL "Jake", tune in tomorrow! It is … (86 comments)
stated income loan: The Devil Has a Stated Income Loan - 10/03/07 10:06 PM
They call them "Liar Loans". The politicians threw the book at them in Nevada this month. And no mortgage meltdown rhetoric would be complete without mentioning this devil child of the real estate lending world: STATED LOANS. If the words unethical, dishonest, immoral or come to mind when you think of these loans, you are not alone. But … (69 comments)
stated income loan: Do Not Pass Go, Go Directly to Jumbo Jail - 09/27/07 10:02 AM
We had a laugh in the office last night when I announced "I'm in Jumbo Jail". Some of my fellow mortgage brokers suggested my new slogan be "Janet does Jumbo"(I don't THINK so!) This was our after-hours, end of the month, blow-off-some-steam session. September has been a tough month, especially for those of us … (9 comments)
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They are the ones that were not satisfied to be corporate hacks, allowing some huge company to dictate where and how they live their lives. They refused to carry a lunch bucket and lay cable for the phone company for 30 years.
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